How do you live with pension money?

[salman Royy]

There are some people who waste their pension money, they do not live a good life and later it causes them a lot of trouble.How do you spend your pension money. I think how should we save the pension In difficult times we need the pension money if we have pension money very high should do good business so that life can go on comfortably.

 

[Setho]

A lot of people have the options like their children contributing money for their wellbeing so they spend their pension money anyhow. But to answer your question I think the best way to go about it is to start a business and use the profits to do what makes you happy at this point in life, like travelling and taking care of your health.

 

[Lagazine]

How to live on pension money is not a problem. All you need to do is to cut your coats according to your clothes. if you want to manage your pension money, you need to reduce your cost and make sure you are calculative in all your spendings. I have seen a lots of people who doesnt have a child to take care of them but are living on their pension on a daily basis. Yet, they manage everything.

 

[WhiteHouse]

You need to save money for yourself, in addition to the ‘pension,’ you will receive if you want to be comfortable in retirement.

Historically government pensions, like the SS system in the US were not meant to provide you with a good and substantial living!

I wish you well.

 

[Patrik]

You live with pension like you used to live when you were still in duty and working, you get your income reduce since you aren't working anymore, but i believe it's still enough for you to live peacefully with it, you can invest some of it if you are interested

 

[Nomad]

By the time you are eligible for a pension, you will be old and you might not be able to work because of age and health. Even if you want to continue to work, you might not be able to get a job because of old age and health, so a pension would be your only income. If you have a saving or investment that can help you but if you only have pension, you need to minimize your expenses so that you can maintain your life with pension money.

 

[Ja Sa Bong]

My advice is never depend on your pension money and use the excuse to waste your money when you're young and actively working. Save money as much as possible and invest in long term projects. If you retired at the age of 60 to 70 years, the pension money will be a top up.